Flood Insurance in North Carolina

If you are a resident of North Carolina, you are not legally required to carry flood insurance. However, people who live in this state know that they are at high risk of flooding. Therefore, it is highly recommended to have flood insurance in the Tar Heel State. For those who are considering purchasing this type of policy, Powell's insurance serving Clinton, NC has prepared the list of things you should know.

  • Flood insurance can be purchased either through the National Flood Insurance Program or through private insurance companies.
  • If your area is determined by the Federal Emergency Management Agency as the area at a high risk of flooding, you may have to purchase flood insurance in order to be eligible for a mortgage-backed by the federal government.
  • There is a common misconception that damages caused by flooding are covered by standard homeowners' insurance. However, in most cases, flood insurance is always a separate policy.
  • If you are renting a home, your personal belongings will not be covered by the landlord's coverage - you have to buy your own flood insurance to protect your possessions.
  • Businesses need flood insurance as well. The statistics say that about 25% of businesses that close after floods never reopen again.
  • Most flood policies do not take effect until after a 30-day waiting period. Therefore, if you are thinking about getting flood insurance coverage, it is better to do it as soon as possible.

Flood insurance in North Carolina is something that you really need to have. It is a guarantee that your home and belongings are protected. Choosing the right flood insurance policy might be complicated, so Powell's Insurance, serving Clinton, NC and other surrounding towns, is here to help. We value each customer and want to make sure that they get the coverage they need and can afford. Therefore, if you have any questions or doubts about flood insurance, do not hesitate to give us a call.

Powell’s Insurance has been serving the insurance needs of Clinton, Sampson County, and all of North Carolina for over 40 years.